Valuing the Invaluable: 2011 Update - The Growing Contributions and Costs of Family Caregiving
Article Publication Date
Summary
The estimated economic value of family caregivers’ unpaid contributions contribution was approximately $450 billion in 2009. If family caregivers were no longer available, the economic cost to the U.S. health care and long-term services and supports systems would increase astronomically. This report updates national and individual state estimates of the economic value of family care using the most current available data, and provides recommendations for taking care of the caregivers.
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Keywords
costs; financial toll; wages; retirement; health; research; economic burdens; cultural competency; health professional practices; Insight on the Issues 51, June, 2011
Contact
AARP
Public Policy Institute
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ppi@aarp.org
Phone
202-434-3890